Donald Trump said his opponent doesn't know what crypto is, the price of memecoin TRUMP increased
Last night's fan meeting of Donald Trump was not only an interesting event, but also showed many "good omens" for the cryptocurrency industry in the near future.
On the evening of May 8 (US time), former US President Donald Trump had an intimate party with his NFT holders. To be invited to the Trump Cards NFT Gala, you must own a minimum of 47 of his NFTs, priced at $99 each.
Several hundred people attended the "Fan Meeting" at Mar-a-Lago resort, Palm Beach, Florida. Also here, the real estate tycoon, reality TV star and candidate for re-election as US President in 2024 made many shocking statements.
First, Donald Trump pledged to remove hostility toward crypto in the United States, declaring to protect and keep companies working in the cryptocurrency industry in the United States.
He spoke out in favor of crypto and urged voters to vote for him:
“Biden doesn't even know what cryptocurrency is. I accept crypto, if you love crypto you know who to vote for.”
Donald Trump "kicked" the Chairman of the US Securities Commission (SEC):
“Gensler is anti-crypto, the Democrats are also very anti-crypto, but I'm different.”
Trump also announced to the crowd that he would revive NFTs. Trump's presidential campaign is not currently accepting cryptocurrency donations, but he welcomes voters to do so using Bitcoin and other tokens.
"Can we donate to the Trump campaign using cryptocurrency? I believe the answer is yes."
After hearing that a memecoin named “BODEN” parodying the current US President had a capitalization of $240 million, Trump scoffed, “I don't like that investment." And immediately, BODEN's price skyrocketed. after receiving attention from Trump.
Above is the first time in history that former President Donald Trump publicly supported not only Bitcoin but also cryptocurrency in general. If Trump is re-elected, this could open a new chapter for the crypto market, but it is not yet possible to conclude. Anyway, this is also a good sign.
Mr. Trump has maintained an anti-crypto stance for quite a long time. It was not until the period 2022 - 2024 that he began to "turn around", switching to praising Bitcoin as a "useful form of currency", as well as opposing the US government's plan to issue a CBDC digital currency. .
At the same time as Mr. Trump's "meeting" with fans, the Joe Biden administration announced that if Congress pushed forward a bill to repeal the SEC's SAB 121 regulation, they would veto it. This is a discriminatory rule against crypto assets, forcing banks to stay away from storing cryptocurrencies.
The price of memecoin MAGA (TRUMP), supporting Mr. Trump, is increasing by nearly 60% compared to 24 hours ago thanks to positive statements from the former President.
According to news agency Axios, former US President Donald Trump is planning to spend his day off from trial having dinner with fans who bought his “Mugshot Edition” NFT.
Accordingly, Mr. Trump flew back to Palm Beach, Florida on May 7, 2024, to meet his supporters at dinner at Mar-a-Lago the next evening. Those invited to the dinner privately purchased more than 47 NFTs for $99/NFT, citing copies of the dinner invitations.
On May 7, the presidential candidate reportedly complained outside the courthouse that he would rather campaign than participate in a trial that he described as a "sham." Mr. Trump is currently in his first criminal trial in New York on 34 felony charges related to falsifying business records to conceal hush money payments to adult film actress Stormy Daniels in 2016 election campaign.
The Mugshot Collection commemorates a historically important moment for the former President - he was officially arrested in Fulton County, Georgia, USA on August 24, 2023. The “Mugshot” NFTs use his mugshot from his 2023 arrest.
At that time, he was accused of plotting to overturn the 2020 US election results, the case has not yet been brought to trial. The company behind the NFTs has previously claimed no direct involvement with Trump's campaign.
In December 2023, Donald Trump added a limited edition to the above collection, including the privilege of possessing a "prison photo" NFT of his suit.
As Coin68 reported in April 2023, former US president Donald Trump continued to launch his second NFT collection, despite criminal prosecution. According to data from OpenSea, his first NFT collection was an unexpected success with 45,000 NFTs "sold out" within just a few hours of its launch on December 16, 2022. The former US President then also released NFTs on Ordinals.
From a fierce anti-crypto stance during his time in the White House, Mr. Trump in the period 2023 - 2024 changed his attitude to praising Bitcoin as a "useful form of currency", as well as opposing the plan to issue coins. CBDC digital currency of the US government
